IFLR1000

Renaissance Services $125 million 7.90% bond issue

29/7/2015
Investment grade bond/note issue, Private placement of bonds/notes
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$ 125 million

Completed

29/7/2015

Overview:

  • Renaissance Services has undertaken a $125 million bond issue.
  • The 7.90% bonds will be issued on a private placement basis on the Irish Stock Exchange.
  • The funds raised will be used to finance to repurchase Renaissance's issued convertible bonds.
  • National Bank of Oman, Bank Sohar and Standard Chartered acted as joint lead managers.

Sam Duke - Editor

Jurisdictions:

Ireland
Oman
United Arab Emirates

Deal types:

Investment grade bond/note issue
Private placement of bonds/notes

Practice area:

Capital markets : Debt

Industry sector:

Oil and gas

Firms:
Al Busaidy Mansoor Jamal & Co

Party: Renaissance Services (Issuer)

Lawyer: Mansoor Jamal Malik

Clifford Chance

Party: Bank Sohar (Joint lead manager)

Party: Standard Chartered (Joint lead manager)

Maples Group

Party: Renaissance Services (Issuer)

Trowers & Hamlins

Party: Bank Sohar (Joint lead manager)

Party: Standard Chartered (Joint lead manager)

Party: National Bank of Oman (Joint lead manager)

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